iShares U.S. Medical Devices ETF Slides 6.6% in Three Months
IHI is down 6.6% over the past three months and 3.5% over the past six months, with a further 1.7% drop in the last five days. Strategists highlight its defensive healthcare exposure and view the current selloff as a potential rebound opportunity.
1. Performance Decline
The iShares U.S. Medical Devices ETF has fallen 6.6% over the last three months and 3.5% over six months, extending its recent downtrend with a 1.7% pullback in the past five trading days. The ETF’s underperformance reflects broader market volatility and sector rotation pressures.
2. Defensive Rebound Outlook
Healthcare’s defensive appeal has led strategists to flag IHI’s selloff as a buying opportunity. With medical device stocks often seen as lower-volatility plays, analysts suggest the ETF could stage a rebound if market sentiment stabilizes.